57-59 Thompson Avenue, CowesAnother corner bakery site traded for $1.6 million. The 262sqm site returns $81,043pa plus GST from a new 5-year lease with options to 2033.

Shop 1/5-13 Adelphi Boulevard, Point CookHome to fish and chippery Reel Deal Fish, the 76sqm shop within Soho Village shopping centre sold for $690,000 with a lease until 2027 and options to 2037 bringing $40,500pa.

162 Collins Street, MelbourneIconic Parisian shoe designer Christian Louboutin will open a second Collins Street shop in the CBD, signing a short-term lease of 90sqm within the Georges Building. It also has a 55sqm store within the 88 Collins Street terrace building. Rents through Collins Street’s east end typically attract more than $5,000/sqm.

161 Collins Street, MelbourneUS real estate group Pembroke has taken the refurbished T&G Building to full occupancy, after signing up The Mulberry Group for a 450sqm café, wine shop and produce store in the building’s lobby.

132 Puckle Street, Moonee PondsHomewares retailer The Phoenix and the Turtle will open its third store after signing a 3+3-year lease at $57,000pa net, adding to existing sites in Northcote and Blairgowrie.

48 Jesica Road, CampbellfieldThe Primo Smallgoods cold storage facility of 2,180sqm, on a 4,317sqm site, sold for $4 million. It has triple net lease until 2028 with a 10-year option and returns $267,915pa plus GST.

33 McIntosh Street, Airport WestAn owner occupier paid $900,000 for the 465sqm brick standalone office and warehouse, which is on a 770sqm site with 12 on-site parking spaces.

75-77 Cochranes Road, MoorabbinOnline retailer KG Electronics is consolidating its operations and inked a 3+3+3-year deal over the 3,345sqm office and warehouse facility at $250,000pa net.

39-41 Winterton Road, ClaytonAs part of its expansion into Melbourne, Go Mart signed a 5+5-year lease over the 1,479 office and warehouse property at $141,000pa net.

Abbotsford commercial market continues hot streak: As Melbourne’s summer comes to a sweltering end, another major sale in Abbotsford’s heated commercial market has taken transaction volumes to $75 million across three recent deals.

Former Poly Australia director Yuan Tao has just acquired the IKEA warehouse at 30-36 Grosvenor Street for $17.28 million via investment vehicle Southlink Grosvenor, after its $37.28 million purchase of the Australia Post and Honeywell facility across the road at 45-50 Grosvenor Street late last year.

The sites were acquired as long-term landbank plays, with a view to developing apartments in the future.

IKEA has a long-term lease over its 4,616sqm Industrial 1-zoned site, while Australia Post has a lease running until

2028 and Honeywell until 2021 over the former Weston’s biscuit factory site that encompasses 9,466sqm.

Earlier this month, the Fitzroys agents Paul Burns and James Lockwood completed the $21 million sale of the 4,735sqm site at 112 Trenerry Crescent in Abbotsford to the Zagame family, on behalf of the Australian Education Union (Victorian Branch).

Local and international parties submitted 15 offers for the recently-rezoned asset, which has a 4,242sqm four-level office building and attracted developers, investors and owner occupiers. The new owners will refurbish and re-lease the asset.